Minneapolis - Madison Capital Partners has agreed to acquire Mannesmann Plastics Machinery AG (MPM) from Kohlberg Kravis Roberts & Co. Terms were not disclosed. The transaction is expected to close before the end of July.
MPM is the parent of Hannover-based extrusion technology company Berstorff AG, as well as Krauss-Maffei, Netstal and Demag Plastics. Madison Capital Partners is a Chicago-based investment group, which aims to acquire and grow industrial manufacturing companies.
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Website of Madison Capital